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Locking In a One-Year Mortgage Now | Auckland News
Mortgage experts are urging homeowners to lock in a one-year fixed rate now, as interest rates dip thanks to falling oil prices and easing Middle East tensions. With one-year rates hovering around 4.75% to 4.99%—significantly lower than two-year rates of 5.19% to 5.45%—the math favors short-term fixes. While the central bank still plans a rate hike, market forecasts suggest it may be less aggressive than expected. Experts say a major jump in one-year rates would be needed to make longer terms more cost-effective—and they don’t see that happening. For most, a one-year fix offers the best…
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